Yes Bank Ltd. has reported its first full-year profit since 2018-19, CEO Prashant Kumar said after declaring the private lender's March quarter results.
Business Growth
Outstanding advances as on March 31 stood at Rs 1.81 lakh crore, up 8% year-on-year. Retail and small business loans accounted for 60% of the bank's loan portfolio.
Low-cost current account and savings account, or CASA, deposits made up 31.1% of Yes Bank's Rs 1.97-lakh crore total deposits as on March 31.
Yes Bank aims to report more than 15% credit growth in FY23, Kumar said. Wholesale loan book is expected to grow by 10%, he said.
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